Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Could you help me with my homework, thank you! [if it is a equation problem, please provide the steps] Larner Corporation is a diversified manufacturer

Could you help me with my homework, thank you! [if it is a equation problem, please provide the steps]

  • image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Activity Rates Labor-related 7.00 per direct labor-hour Machine-related 7.00 per machine -hour Machine setups 30.00 per setup Production orders 200.00 per order Shipments 140.00 per shipment General factory 7.00 per direct labor-hour Cost and activity data have been supplied for the following products: 178 B52 Direct materials cost per unit 5.50 $ 32.00 Direct labor cost per unit 4.75 $ 9.00 Number of units produced per year 4,000 100 Total Expected Activity 378 B52 Direct labor-hours 1, 200 30 Machine-hours 2, 200 50 Machine setups 6 1 Production orders 1 Shipments 1 Total Expected Activity 378 B52 Direct labor-hours 1, 200 30 Machine-hours 2, 200 50 Machine setups 1 Production orders Shipments Required: Compute the unit product cost of each product listed above. (Do not round intermediate cal decimal places.) J78 B52 Unit product costSaved Help Save & Exit Submi Osborn Manufacturing uses a predetermined overhead rate of $19.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $249,600 of total manufacturing overhead for an estimated activity level of 13,000 direct labor- hours. The company actually incurred $247,000 of manufacturing overhead and 12,500 direct labor-hours during the period. Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Would the journal entry to dispose of the underapplied or overapplied overhead increase or decrease the company's gross margin? By how much? 1. Manufacturing overhead by 2. The gross margin would byFickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $15.00 per direct labor-hour and $11.00 per direct labor-hour, respectively. The company's direct labor wage rate is $18.00 per hour. The following information pertains to Job N-60: Testing & Assembly Packaging Direct materials $ 360 $ 33 Direct labor $ 117 $ 45 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Statistical Investigations

Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy

1st Edition

9781118172148

Students also viewed these Accounting questions